Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) Short Interest Down 87.6% in December

Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totaling 1,832 shares, a decline of 87.6% from the November 30th total of 14,827 shares. Based on an average trading volume of 11,797 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 11,797 shares, the days-to-cover ratio is presently 0.2 days.

Gladstone Investment Co. 8.00% Notes due 2028 Price Performance

Shares of NASDAQ:GAINL traded up $0.04 on Thursday, hitting $25.22. 9,134 shares of the company traded hands, compared to its average volume of 4,356. The stock has a 50 day simple moving average of $25.41 and a 200-day simple moving average of $25.52. Gladstone Investment Co. 8.00% Notes due 2028 has a 52 week low of $25.10 and a 52 week high of $26.34.

Gladstone Investment Co. 8.00% Notes due 2028 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, November 1st. Stockholders of record on Wednesday, October 15th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 7.9%. The ex-dividend date was Wednesday, October 15th.

About Gladstone Investment Co. 8.00% Notes due 2028

Gladstone Investment Co 8.00% Notes due 2028 (NASDAQ: GAINL) are senior secured debt securities issued by Gladstone Investment Corporation, a business development company (BDC) that provides private capital to small and mid-sized U.S. businesses. Established in 2001 and externally managed by Gladstone Management Corporation under the leadership of co-founder and CEO David Gladstone, the BDC targets companies across a range of industries, including manufacturing, business services, and consumer products.

The Notes carry a fixed annual interest rate of 8.00%, with interest payable quarterly, and mature on June 1, 2028.